Deloitte and China Enterprise Appraisals sign strategic agreement

On May 31, 2018, witnessed by Mr. Patrick Tsang, Deloitte China CEO and Mrs. Sun Yuehuan, Honorary Chairman of China Enterprise Appraisals (CEA), a long-term strategic cooperation agreement between Deloitte & Touche Financial Advisory Services Limited (Deloitte) and China Enterprise Appraisals Co., Ltd. (CEA) was signed by Deloitte China Financial Advisory National Leader Mr. Edmund Yeung and CEA Chairman Mr. Quan Zhongguang.

The agreement manifests joint efforts by the management teams of Deloitte and CEA to establish a 'win-win' platform and drive mutual development. Both parties agreed to enhance their already extensive practical cooperation, taking this to a new strategic level based on complementary advantages, reciprocal assistance, long-term cooperation and mutual benefits.

As the world's largest professional services organization, Deloitte distinguishes itself through its unique global and local resources. Leveraging its high quality service and globally connected network, Deloitte is well positioned to provide a wide range of professional services to multinationals in the Chinese marketplace, as well as Chinese enterprises seeking to embrace globalization.

Deloitte is committed to long lasting partnership with clients and stands ready to embrace opportunities and challenges through collective planning, innovation and mutual growth. We will also continue our progress toward undisputed leadership in professional services in China, aligned with the Deloitte "High Value, High Tech and High Touch" strategy.

As one of China’s biggest and most reputable asset appraisal companies, CEA has for decades been one of the top performers among China’s asset appraisers and is indisputably a leading name in its field. With elite teams, abundant expertise, excellent ability to innovate, effective risk management and high quality client service, CEA has completed numerous groundbreaking appraisals, growing steadily with its clients along their trajectory of contributing to China’s economic reform and development.

With economic globalization, and the structural optimization and industrial upgrading of the Chinese economy, companies in China have accelerated their globalization and innovation, with ever-increasing use of digital technologies in technical transformation and business management. The capital market is also undergoing profound change.

In addition, more foreign and private companies are taking up the challenge of addressing mixed-ownership reform of state-owned enterprise (SOEs). Enormous business development opportunities and diverse business needs have been brought about by this and other rapid developments in the economic environment, endowing Deloitte and CEA with precious potential for cooperation and advancement.

Under the newly signed agreement, Deloitte will provide professional assistance to CEA across a spectrum of needs including talent development, business innovation, risk management and client relationship management. Meanwhile, CEA will work closely with Deloitte to deliver value-added services and overseas asset appraisal services. The two sides will join hands in building mutual eminence as well as serve China's rapid economic growth by deepening their cooperation, building innovative services, and enhancing their comprehensive coverage of client needs.